Sunday 22 September 2019

Arada awards Sharjah villa community contracts

SHARJAH, February 13, 2018

Arada, the UAE's newest developer, has awarded the main construction contracts for Phase Two of Nasma Residences, a fully self-sustained villa and townhouse community in the heart of New Sharjah, to two separate companies.

Sharjah-based Intermass Engineering & Contracting and Klampfer Middle East, a joint venture between Basma Group and KBW Investments, will construct the 184 villas and townhouses that make up the second phase of Arada’s first project.

Mobilisation onsite will begin in February, and handover of units to homeowners is scheduled for the first quarter of 2019.  

Launched in March 2017, Nasma Residences sold out the first of the community’s five phases in less than a month, making it the fastest-selling residential real estate project in Sharjah.

In total, the project contains 800 homes, and is scheduled to be completed by the end of 2019. The starting price of the homes have been set at Dh1.04 million ($284,462), said the Sharjah-based developer.

The main construction contract for work on Phase One of Nasma Residences was also awarded to Intermass Engineering and Contracting, it added.

Arada said the enabling works began onsite in September last year, and the first phase is on track to be delivered to buyers by the end of 2018.  

The news follows the announcement in December that a major private education operator, Gems, will open an international school in Nasma Residences, ensuring that homeowners in the community have access to premium education for their children on their doorstep.

Chairman Sheikh Sultan bin Ahmed Al Qasimi said: "This year is a hugely important one for Nasma Residences, as we work towards handing over our first homes in the final quarter. These contracts for Phase Two of this community shows our commitment to homebuyers to move quickly and deliver on schedule."

Spread over an area of 5 million sq ft, Nasma Residences has been carefully planned to ensure a balance between living areas and community facilities.

Keeping homeowners’ comfort and convenience top of mind, Nasma Residences will be anchored by a number of community offerings: a 13-acre lushly landscaped park with cycling and jogging tracks and large play areas; a multi-purpose community centre with a clubhouse offering sports and recreation facilities and a children’s nursery besides a full-service medical clinic and a shopping mall - Nasma Square.
Nasma Residences offers a superior location in the heart of new Sharjah. It is located at the intersection of Emirates Road (E611) and Maliha Road, adjacent to Tilal City, Tilal Mall and the new state-of-the-art Sharjah Convention Centre.

It is also just 15 minutes from Sharjah International Airport and Sharjah University City. The location is ideal for a convenient and traffic-free commute from Sharjah to Dubai or the Northern Emirates, said the developer.
With homes ranging in size from 1,500 sq ft to 4,400 sq ft, complemented by generous plots, there is an offering to suit every prospective homeowner, it added.-TradeArabia News Service

Tags: Sharjah | contracts | villa community | Arada |

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